Buy REC, says Sudarshan Sukhani

Buy Rural Electrification Corporation (REC), says Sudarshan Sukhani, Technical Trends.

Sukhani told CNBC-TV18, "REC is a dream buy. You buy it as an investment or you buy it as a position trade. You can also day trade in it but the potential here is far more than just a day trade. It fell from Rs 431 to Rs 150, it went up on exuberance, but it fell far more than justified, it is a blue chip company."
The company touched its 52-week high Rs 383.00 and 52-week low Rs 155.00 on 09 Nov, 2010 and 04 Oct, 2011, respectively. Currently, it is trading -48.22% below its 52-week high and 27.94% above its 52-week low. Market capitalisation stands at Rs 19,581.31 crore.